Needham & Company Upgrades BlackBerry (BBRY) to Hold
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BlackBerry (BBRY) Target Lifted at Canaccord Genuity on Updated SOTP
March 31, 2014 8:50 AM EDTCanaccord Genuity analyst T. Michael Walkley boosted his price target on BlackBerry (NASDAQ: BBRY) from $6 to $8 following Q4 results based on a sum-of-parts analysis.
Walkley notes February quarter results were soft. However, a better services versus hardware revenue mix and significantly lower... More
BlackBerry (BBRY) PT Cut to $8.80 at Goldman Sachs
March 31, 2014 8:33 AM EDTGoldman Sachs maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) and trimmed its price target to $8.80 (from $9.50). Analyst Simona Jankowski called the company's Q4 "mixed."
"BlackBerry beat consensus EPS estimates by a wide margin on aggressive cost cutting, with gross margin of 43% well ahead of consensus at 35% (GS at 40%), and opex of $577mn... More
BlackBerry (BBRY) Target Price Lifted at Nomura Securities
March 31, 2014 8:01 AM EDTNomura Securities analyst Stuart Jeffrey reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY) and raised his price target from $7 to $9.
Jeffrey comments, "There are signs of hope that new managements turnaround can succeed but, meaningful challenges remain. Device gross margins are... More
Evercore Partners Downgrades BlackBerry (BBRY) to Underweight
March 31, 2014 6:45 AM EDTEvercore Partners downgraded BlackBerry (NASDAQ: BBRY) from Equal Weight to Underweight.
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $8.41 yesterday.... More
Credit Suisse Downgrades BlackBerry (BBRY) to Underperform
March 31, 2014 6:43 AM EDTCredit Suisse downgraded BlackBerry (NASDAQ: BBRY) from Neutral to Underperform with a price target of $6.00 (from $7.00).
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $8.41 yesterday.... More
Credit Suisse Downgrades BlackBerry (BBRY) to Underperform; Mixed Q4 Results Didn't Improve Turnaround Outlook
March 31, 2014 6:23 AM EDTCredit Suisses cuts BlackBerry (Nasdaq: BBRY) from Neutral to Underperform and trims its price target from $7 to $6.
Analyst Kulbinder Garcha noted weaker-than-expected Q4 top-line results, though underlying operating loses of $176 million topped expectations. The analyst is concerned over the level of free... More
